By Commodity News Service Canada
WINNIPEG, April 2 (CNS Canada) The Canadian dollar was slightly firmer Monday morning, finding some support from solid manufacturing data.
At 9:00 CDT Monday morning the Canadian dollar was at US$0.7765 or C$1.2878, which compares with Thursday’s North American close of US$0.7756 or C$1.2894.
The Markit Canada Manufacturing Purchasing Managers’ Index (PMI) increased to a seasonally adjusted 55.7 in March, from 55.6 the previous month. Output increased to 55.0 from 54.8, while new orders were steady at 55.6 – marking 18 straight months of expansion.
Many government offices remained closed for Easter Monday, limiting some of the activity in the currency markets.
The TSX was weaker at 9:00 CDT, down 70.80 points at 15,296.49.
